Bears

Analyst Who Called Bitcoin’s Tuesday Low Expects a Move to $13,000

Source Node: https://bitcoinist.com/analyst-who-called-bitcoin-tuesday-low-move-13000/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-who-called-bitcoin-tuesday-low-move-13000
Time Stamp: August 12, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has bounced strongly after plunging as low as $11,100 on Tuesday. As of the time of this article’s writing, the leading cryptocurrency trades for $11,600 on leading exchanges. This is just under 5% above yesterday’s lows. An analyst that called that the cryptocurrency would bottom in the $11,100-11,200 region says that the asset is primed to move to $13,000. Other analysts think Bitcoin will do so. They note that since the cryptocurrency is holding above $11,500, it remains in a bullish medium-term state. Technically speaking, there is some resistance

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

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Time Stamp: August 12, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto down to $9,000 if it is broken below Bitcoin and the aggregated cryptocurrency market is

The Stars are Aligning for Ethereum’s Price; But Will Bears Prevail?

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Time Stamp: August 11, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to garner any further upwards momentum in recent times This comes as the cryptocurrency struggles to break above the heavy resistance that has emerged around $400 ETH has been moving in lockstep with Bitcoin – which is also struggling to break its resistance at $12,000 Until both of these digital assets are able to push higher and shatter the massive selling pressure they are currently facing, they will likely extend their macro consolidation phases Analysts are noting that there are a plethora of different factors counting

Five Signs The 30% Band Protocol (BAND) Correction Is Just Starting

Source Node: https://bitcoinist.com/five-signs-the-30-band-protocol-band-correction-is-just-starting/?utm_source=rss&utm_medium=rss&utm_campaign=five-signs-the-30-band-protocol-band-correction-is-just-starting
Time Stamp: August 11, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Band Protocol is one of August’s best-performing crypto assets, right behind the showstopping Chainlink and other hot tokens. The altcoin is up over 300% month to date, but a 15% correction began overnight. Is this just a healthy pullback, or will the asset retrace further than most investors are prepared for? Here are five bearish signals that the Band crash may only be beginning.  DeFi And Decentralized Oracles Spark Mini-Crypto Bubble, 300% Returns Month-to-Date The cryptocurrency market is on fire, with nearly every asset posting major gains over the last

Bitcoin Erupts Past $12,000: Here’s What Analysts Think Comes Next

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Time Stamp: August 9, 2020 10:14 PM - Modified On: May 21, 2021 - Published By:
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Just hours after the daily candle close, Bitcoin has begun to erupt higher. The cryptocurrency just minutes ago crossed above $12,000 for the first time since the flash crash on August 2nd. BTC bulls are believed to be in control after Bitcoin closed the weekly candle above the ever-important $11,500 level. Analysts think that Bitcoin will continue higher as long as $11,500 holds. Bitcoin Surges Past $12,000 Just minutes ago, Bitcoin broke past $12,000 for the first time since the August 2nd flash crash. The cryptocurrency is now up 3%

Here’s Why Analysts Are Expecting For Ethereum To Drop Back Towards $370

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Time Stamp: August 9, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, following Bitcoin’s lead, is effectively flatlining into the week’s close around $390. This is above critical support levels, though bulls are not yet convinced that ETH is primed to move higher. Analysts say that ETH could actually drop towards the $370 level, then push higher. Multiple analysts agree with this line of reasoning, citing a variety of technical reasons. Ethereum does have a positive fundamental case, though, that may limit downside. What may also limit the downside for the leading cryptocurrency is strength in the price of Bitcoin. Ethereum

What Hope Do Bears Have If Bitcoin Holds $11,500? Analyst Asks

Source Node: https://bitcoinist.com/hope-bears-bitcoin-holds-11500-analyst/?utm_source=rss&utm_medium=rss&utm_campaign=hope-bears-bitcoin-holds-11500-analyst
Time Stamp: August 9, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Despite the parabolic performance in some altcoins, Bitcoin is stagnating around the high-$11,000s. As of the time of this article’s writing, BTC is trading for $11,600. This comes after it was rejected last week at the $12,000 level yet again, marking a loss for bulls. Analysts say that Bitcoin managing to hold the $11,500 level would bolster the medium-term bull case dramatically. One trader went as far as to say that the cryptocurrency closing the weekly candle at $11,500 could leave bears without much hope. He isn’t the first commentator

Bitcoin Plunges Under Pivotal $11.5k Support: What Do Analysts Think Is Next?

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Time Stamp: August 7, 2020 2:50 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is slipping lower after peaking at $11,950 just the other day. This marked the second major rejection at the pivotal $12,000 level in the span of a week. As of the time of this article’s writing, BTC is trading for $11,400. This is the lowest price in days, with the asset last trading this low after last week’s flash crash. Analysts believe that Bitcoin’s ongoing drop could be a precursor to a greater move lower. $11,500 has been a level that traders have been watching with intrigue. Some have

Here’s Why One Analyst Expects Ethereum to Tap $275 Before Pushing Any Higher

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Time Stamp: August 6, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to break above $400 for the past several days The selling pressure here is quite significant, and a sustained break above this level would be a highly bullish technical development Because ETH has been consolidating just below it throughout the past few days, bulls may be gearing up for a major push higher Despite being technically strong, one analyst is still expecting the cryptocurrency to see another “scam wick” that leads it into the upper-$200 region He believes this will be necessary for trapping more shorts

Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic

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Time Stamp: August 3, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The cryptocurrency is now flashing some signs of weakness as it hovers above its key support at $11,000 Bulls have been able to hold it above multiple crucial levels throughout the past couple of days This is leading some traders to remain firmly bullish on the benchmark cryptocurrency’s near-term outlook. Bitcoin and the aggregated cryptocurrency market are currently consolidating after bearing witness to

Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level

Source Node: https://bitcoinist.com/why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-are-bullish-on-bitcoin-despite-close-beneath-key-11700-level
Time Stamp: August 3, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been flashing some mixed signs to investors as of late Despite seeing intense bullishness throughout the past week as it rallied from the lower-$10,000 region to highs of $12,000, analysts still remain cautious regarding where it may trend next Their present lack of bullishness is rooted in the cryptocurrency’s inability to close its weekly candle above $11,700 This is a historically important level that analysts were closely watching over the past couple of days That being said, it has still maintained above its crucial macro support of $10,600

Ethereum DeFi’s Ampleforth (AMPL) Drops 20% Despite “Whale” Accumulation

Source Node: https://bitcoinist.com/ethereum-defis-ampleforth-ampl-drops-20/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-defis-ampleforth-ampl-drops-20
Time Stamp: August 2, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ampleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July. The asset has seen a steep correction over the past week as the focus of crypto investors has been on Bitcoin and Ethereum. After a recovery, AMPL is dropping once again. This drop comes in spite of positive on-chain and social media signs, according to blockchain analytics firm Santiment. Ampleforth Drops 20% Despite On-Chain Data Indicating